bankHometown CEO Hewitt to retire

Oxford-based bankHometown announced Friday its President and CEO Michael Hewitt will retire at the end of June after leading the bank for five years.

Hewitt joined the bank in 2011 and was named the president and CEO in 2013. During that time, the bank has more than doubled in size and has gained status as one of the best performing banks in the area, the bank said.

Hewitt, a 40-year banking industry veteran, said he's looking forward to spending time with his family.

"I am grateful for having had the opportunity to work closely with the dedicated professionals on bankHometown's Board of Directors over the past five years," he said in a prepared statement. "It goes without saying that I will miss my daily interactions with bankHometown's exceptionally talented staff and management team."

The bank's board of directors has chosen Matthew Sosik, the president and CEO of the bank's mutual holding company Hometown Financial Group, MHC, to fill Hewitt's role. Sosik previously held Hewitt's position for 17 years until 2013, according to the bank.

The bank in 2016 merged its mutual holding company with that of bankESB, creating the $2.2-billion mutual holding company Hometown Financial Group.